Megaspeed denies wrongdoing and says Alice Huang left company in 2025
Megaspeed confirmed that former CEO Alice Huang left the cloud computing firm on August 30, 2025, while denying any supply chain wrongdoing.
Megaspeed announced that Alice Huang departed the cloud computing firm in 2025, as the company faces mounting scrutiny following the departure of Jensen Huang from Nvidia.
The Singapore-registered firm broke its silence on Sunday, stating that Alice Huang officially left her roles as a senior executive, chairperson, and chief executive effective 30 August 2025. In a public statement reported by multiple outlets including The Next Web and CBS News, Megaspeed maintained that it conducts legitimate and lawful business and that recent assertions regarding its supply chain and global operations are not supported by verifiable evidence. The company confirmed it has retained external legal counsel to perform a thorough internal investigation into its compliance practices.
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The corporate fallout stems from revelations regarding an extramarital affair between Alice Huang and the former Nvidia chief executive, who resigned last week. US intelligence officials have expressed suspicions that Alice Huang acted as an intelligence asset for China. Conversely, Chinese authorities have dismissed the accusations as smears, and US Attorney General Todd Blanche stated that the Department of Justice has not formally concluded whether she was a spy.
Singapore’s Ministry of Home Affairs clarified that local investigations into Alice Huang and Megaspeed did not concern espionage. Instead, Singaporean authorities launched an independent inquiry focusing on suspected false declarations related to server purchases.
| Entity / Jurisdiction | Key Action or Finding | Relevant Date |
|---|---|---|
| Megaspeed International | Confirmed Alice Huang's departure; denied supply chain wrongdoing; launched internal legal review. | 30 August 2025 |
| Singapore Ministry of Home Affairs | Initiated probe into server purchase declarations; impounded and later returned Alice Huang's passport. | 2025 |
| Nvidia Board | Accepted CEO Jensen Huang's resignation amid foreign intelligence and affair inquiries. | 2026 |
Authorities detailed that the US Department of Commerce’s Bureau of Industry and Security conducted a voluntary post-shipment verification check at Megaspeed on 24 June 2025, with Alice Huang present. Singapore police interviewed her that day and held her passport. By 26 February 2026, police determined there was insufficient evidence of criminal offences. However, investigators concluded she provided inaccurate information to downplay her role at the firm before she left Singapore.
The corporate history of Megaspeed has added to international scrutiny. Incorporated in Singapore in 2015 as an overseas arm of a Chinese video game developer, the company adopted its current name in March 2023 when shares were transferred to a British Virgin Islands entity. Financial records show its total assets grew significantly. Short seller Culper Research previously cited an employee claiming Alice Huang remained involved in daily operations despite corporate filings showing ownership shifts to Singaporean businessman Tan Yong Pong, also known as James Tan.
The controversy has triggered intense political pressure in Washington. Lawmakers have held classified security briefings with intelligence directors and urged the US Commerce Department to tighten export controls. For further background on regional market developments and corporate movements, readers can consult Business coverage, Suspected China spy linked to Nvidia's ex-boss left in 2025, Megaspeed says, and Megaspeed launches internal probe and confirms Alice Huang departure.
Investigations by Singaporean authorities into Megaspeed and six other individuals remain ongoing. Meanwhile, US lawmakers continue to press the Department of Commerce regarding export licensing oversight, with further congressional testimony scheduled for the coming weeks.
